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 EU may block granting €800 million to Ukraine over unfulfilled requirements and slack reforms, - Head of Budgetary Control Committee's delegation

A delegation of MEPs from the Committee on Budgetary Control has arrived in Kyiv for a fact-finding mission into the EU financial assistance in the amount of €3.4 billion granted to Ukraine under the European programs.

Head of the EU's delegation Inge Gräßle said at a news conference, Censor.NET reports citing Ukrainski Novyny.

According to her, the delegation has met with MPs, the minister of economic development and trade, and the first deputy prime minister. As a result, it has got a full picture of what is happening in Ukraine and how the fight against corruption is going on. As Gräßle noted, a certain progress could be seen in this area.

Read more: EP to check how Ukraine spends EU's financial aid

She said that the Budgetary Control Committee verifies the use of the funds in the amount of €3.4 billion allocated under the European programs and used in Ukraine.

€900 million are intended for the bilateral development and support, €500 million - for regional development, €50 million - to raise stability, €60 million - for humanitarian aid, according to Gräßle.

The delegation has also discussed the issue of bankruptcy of 72 banks as well as the lost funds which no one had been able find.

In addition, Gräßle praised the work on fighting corruption, in particular that of anti-corruption authorities.

Read more: Visa-free regime stipulates no right to work in EU, - European Commissioner Avramopoulos

She expressed hope that the Verkhovna Rada will do everything necessary for the continuation of reforms, as otherwise, the EU will be forced to block the macro-financial aid in support of reforms.

Gräßle stressed that Ukraine is faced with very strict requirements, as the financing of its reforms involves a lot of organizations.

The politician highlighted a decrease in the pace of reforms, adding that €800 million in macro-financial aid were still pending through Ukraine's failure to fulfill certain requirements.

According to her, the EU is interested in the continuation of Ukrainian reforms.
 
 
 
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